Brokerages Set InvenTrust Properties Corp. (NYSE:IVT) Target Price at $34.71

InvenTrust Properties Corp. (NYSE:IVT) has been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $34.7143.

A number of equities analysts have recently commented on IVT shares. Weiss Ratings raised shares of InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, July 15th. BTIG Research reaffirmed a “buy” rating and set a $37.00 target price on shares of InvenTrust Properties in a research report on Friday, June 12th. Bank of America upped their target price on InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Jefferies Financial Group raised shares of InvenTrust Properties to a “strong-buy” rating in a report on Friday, June 26th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of InvenTrust Properties in a research report on Tuesday, May 26th.

Hedge Funds Weigh In On InvenTrust Properties

Several institutional investors and hedge funds have recently modified their holdings of IVT. Principal Financial Group Inc. grew its position in shares of InvenTrust Properties by 24.9% in the first quarter. Principal Financial Group Inc. now owns 7,729,381 shares of the company’s stock valued at $235,438,000 after purchasing an additional 1,539,672 shares during the period. Centersquare Investment Management LLC raised its position in shares of InvenTrust Properties by 600.3% during the 4th quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock worth $36,329,000 after purchasing an additional 1,103,911 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in InvenTrust Properties in the 4th quarter valued at about $26,941,000. Vision Capital Corp lifted its stake in InvenTrust Properties by 182.7% in the 2nd quarter. Vision Capital Corp now owns 989,472 shares of the company’s stock valued at $27,112,000 after buying an additional 639,472 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in InvenTrust Properties by 40.8% in the 4th quarter. Millennium Management LLC now owns 1,910,142 shares of the company’s stock worth $53,885,000 after buying an additional 553,184 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $36.12 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54. InvenTrust Properties has a 52 week low of $26.81 and a 52 week high of $37.22. The company’s fifty day moving average is $34.42 and its 200 day moving average is $31.98. The stock has a market cap of $2.82 billion, a PE ratio of 25.62, a PEG ratio of 2.99 and a beta of 0.78.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $82.58 million during the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Research analysts anticipate that InvenTrust Properties will post 1.99 earnings per share for the current year.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. InvenTrust Properties’s dividend payout ratio is presently 70.92%.

InvenTrust Properties Company Profile

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.